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ORKO is white hot after showing these numbers -
September 08, 2009
Delineation Drilling by Pan American Confirms Orko Results
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32.7 metres of 267.9 g/t Ag Eq Silver Intercepted
http://www.orkosilver.com/s/NewsReleases.asp?ReportID=362446&_Type=News-Releases&_Title=Delineation-Drilling-by-Pan-American-Confirms-Orko-Results
What is the amount of proven silver from the latest release?
Here's a post by doubloon from the Hermits Hovel:
" if Orko comes in at 170 million ounces proven we should have a very quick double, if they come in over 200 million the company will be looking for a buyout, which they should already have someone in the wings."
Have they indicated they have 170 million proven ounces?
Press Release Source: Orko Silver Corp.
Orko Silver Increases and Upgrades La Preciosa Resource Estimate
Wednesday February 18, 2009, 8:02 am EST
Yahoo! Buzz Print VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2009) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to release the latest resource estimate for our La Preciosa silver deposit located in Durango, Mexico. This independent resource estimate has been completed by Mine Development Associates (MDA) of Reno, Nevada. MDA has stated that the La Preciosa deposit now comprises 47% Indicated Resources and 53% Inferred Resources. The current resource estimate is based on all of Orko's drilling, including the 2008 drilling of an additional 205 holes (79,021m).
Resource Estimate (All Veins)
------------------------------------------------------------------------
AgEq Ag Au
grade(i) grade grade
(AgEq (Ag Silver (Au Gold AgEq(i)
Category Tonnes g/t) g/t) (ounces) g/t) (ounces) (ounces)
------------------------------------------------------------------------
Indicated 10,637,000 201 185 63,230,000 0.27 94,000 68,870,000
------------------------------------------------------------------------
Inferred 12,087,000 200 185 71,754,000 0.25 97,000 77,574,000
------------------------------------------------------------------------
Previous resource estimates completed at La Preciosa all contained Inferred Resources only. The last resource estimate, of March 31, 2008, outlined an estimated Inferred Resource of 15.35 million tonnes grading 0.321 g/t Au and 190.0 g/t Ag at a cut-off grade of 100 g/t for a Silver-Equivalent grade of 209.2 g/t. Contained metal in the Inferred Resource equaled 93.7 million oz Silver and 158,000 oz Gold, totaling 103.2 million oz Silver Equivalent(i).
Gary Cope, President of Orko, adds: ""It has been very rewarding to have watched La Preciosa grow from a "Grassroots" exploration play, into one of the top new silver discoveries in the world. This resource increase when combined with the upgrade of 47% of the total ounces to the "Indicated" category gives us the confidence that we are well on our way to demonstrating the potential for another large silver mine in Mexico. Our immediate plans include continuing with our delineation of the Martha Vein, including infill drilling and to begin the drill testing of other targets such as Nancy, El Orito Norte and El Vaquero."
In total, eight veins were modeled including the Martha Vein, which dominates the resource. In the process of modeling, lithological units were differentiated which helped in establishing the orientation and continuity of the individual veins. Using geological data along with the metal grades, it was possible to establish continuity of mineralized zones of stockwork, breccia, veins, and veinlets. The high-grade veins within these zones were segregated and modeled. All zones and veins were modeled into a three dimensional solid. Once defined, statistics of each domain and each vein were evaluated separately, and capping was carried-out individually for each vein and domain. The sample data was then composited to three-metre intervals. Grade continuity was evaluated separately for each vein and domain. Inverse distance squared estimation was used. A cut-off grade of 100 g/t was selected by MDA. Classification into Indicated and Inferred was dependent upon the vein continuity, geological continuity and proximity to the closest drill hole, as well as the number of samples and the number of drill holes used in the individual blocks.
All reported resources lie within the modeled veins. The reported resource estimate is undiluted using a 60:1 gold to silver ratio with no metallurgical extractive factors applied. The QA/QC work demonstrates reliability of the analytical data and the auditing of the database has shown it is accurate.
Of particular note are the resources contained within the Martha Vein, as outlined in the following table:
Resource Estimate (Martha Vein Only)
------------------------------------------------------------------------
AgEq Ag Au
grade(i) grade grade
(AgEq (Ag Silver (Au Gold AgEq(i)
Category Tonnes g/t) g/t) (ounces) g/t) (ounces) (ounces)
------------------------------------------------------------------------
Indicated 7,394,000 208 189 44,900,000 0.31 75,000 49,400,000
------------------------------------------------------------------------
Inferred 8,777,000 207 191 53,764,000 0.27 77,000 58,384,000
------------------------------------------------------------------------
Steve Ristorcelli, R.P.Geo. of MDA is the Qualified Person who takes responsibility for the resource disclosure component in this news release.
A complete table of the current resource estimate is available on our website at the link below:
http://www.orkosilver.com/i/pdf/resourceestimate.pdf.
Subsequent to the issuance of the resource estimate, a Preliminary Economic Assessment will also be completed by MDA.
The Company is now in possession of final analytical results from the completion of all 354 drill holes at La Preciosa. The Martha Vein oriented drilling program has extended the mineralization in a SSE direction. The Company's geologists have noted a drop in the silver values to the southeast, where drilling has taken place on the periphery of a small Quaternary basaltic volcano. In this area, the Martha vein is thick and strong and this will be one the areas where future drilling will be carried out.
The following table summarizes the result of the balance of the drill holes drilled in 2008. Of particular note is a high-grade intercept for the Martha Vein in hole BP08-319, located on the eastern side of the mineralized trend. Hole BP08-319 yielded a true thickness of 3.57 metres grading 0.184 g/t gold and 257.8 g/t silver for a silver-equivalent of 268.8 g/t. Also of interest is hole BP08-339A which yielded 7.36 metres grading 1.265 g/t gold and 123.5 g/t silver for a silver-equivalent of 199.3 g/t.
Key Martha Vein intercepts added for this release:
----------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
----------------------------------------------------------------------
BP08-310 114.89 120.02 5.13 4.96 0.102 122.0 128.1
----------------------------------------------------------------------
BP08-318 93.39 97.19 3.80 3.57 0.107 129.0 135.4
----------------------------------------------------------------------
BP08-319 84.43 88.00 3.67 3.54 0.184 257.8 268.8
----------------------------------------------------------------------
BP08-320 56.00 58.52 2.52 2.37 0.085 97.3 102.4
----------------------------------------------------------------------
BP08-322 59.13 61.99 2.86 2.69 0.034 164.9 166.9
----------------------------------------------------------------------
BP08-326 169.27 174.96 5.69 5.35 0.460 153.4 181.0
----------------------------------------------------------------------
BP08-339 50.90 53.95 3.05 2.95 0.301 87.4 105.4
----------------------------------------------------------------------
BP08-339A 50.90 58.52 7.62 7.36 1.265 123.5 199.3
----------------------------------------------------------------------
BP08-343 29.90 32.02 2.12 2.05 0.512 78.1 108.8
----------------------------------------------------------------------
BP08-348 220.95 227.69 6.74 6.33 0.082 99.4 104.3
----------------------------------------------------------------------
Drill holes along the periphery, or which did not reach thickness and/or grade cut-offs, include BP08-307, -308, - 309, -313, -314, -315, -316, -317, -321, -322A, -323, -327, -328, -329, -330, -332, -333, -334, -335, -336, -337, -338, -340, -341, -342, -344, -345, -346, -347, -349, -350, -351, -352, -353, -354. Some of these holes cut significant thicknesses of the Martha vein, wherein low grades were encountered. While not making the underground cut-off grade, they may be considered for future open-pit potential studies.
The Company remains extremely optimistic about its future prospects at La Preciosa. For 2009, Orko Silver plans to carryout in-fill drilling that will allow the Company to increase the resource confidence of the Martha vein, as well as drill testing along the extensions of the other known vein trends, within the overall extensive property package.
A complete table of drill results is available on our website at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf.
A detailed drill plan map is available on our website at the link below:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf.
All 2008 holes were started in HQ-size core, with reduction to NQ-size core at approximately 260 metre down hole depth. Drill core is logged by geologists who mark sample locations according to lithological/alteration changes. The individual samples are taken over core lengths always less than or equal to two metres and commonly less than a metre. The core is cut in half with a diamond saw. One-half of the core is stored in the original core boxes in core storage buildings on site. The other half of the cut core sample is placed in sample bags and transported by Orko personnel to the SGS Mineral Services or Inspectorate labs in Durango, Mexico for sample preparation and analysis.
Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp.
George Cavey, P.Geo., is the Qualified Person and takes responsibility for the overall technical disclosure in this news release. These resource estimates are classified as Indicated and Inferred Mineral Resources, consistent with the CIM definitions referred to in NI 43-101. This estimate will be filed in a technical report, compliant with NI 43-101 on SEDAR within 45 days. Mineral resources, which are not mineral reserves, have not demonstrated economic viability. Orko is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues, which may materially affect its estimate of mineral resources.
George Cavey, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp.
(i) Silver-equivalent, for the purposes of this resource estimate, was defined as the silver grade plus 60 times the gold grade. The reported numbers are for in situ metal content without consideration of metallurgical recoveries and net smelter returns.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews18022009.pdf.
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
Orko Silver Provides 2008 Year End Summary
Wednesday January 7, 8:00 am ET
http://biz.yahoo.com/ccn/090107/200901070505344001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2009) - Orko Silver Corp. (TSX VENTURE:OK - News) - The Company wishes to provide a year end summary and update of activities planned for 2009.
Calendar Year 2008 represented a significant expansion of the Martha Vein with four diamond drills turning until October when the Company cut back to two drills in order to preserve working capital. All drills were idled in early December, with present plans to resume drilling early in 2009, subsequent to the issuance of the Company's upcoming sixth resource estimate being conducted by Mine Development Associates of Reno, Nevada (MDA), and incorporating their recommendations for ongoing drill testing.
During 2008, Orko Silver drilled over 70,700 metres at La Preciosa bringing the total drilled to date to over 146,000 metres in 366 holes. All drilling was conducted by Major Drilling International under the direction of Orko Silver.
Orko released its fifth NI 43-101 compliant resource estimate during 2008, which demonstrated an increase in the resource at La Preciosa by approximately 30% to 103.2 million Silver-equivalent ounces. The independently verified estimate, announced on March 31st, 2008, concluded that work to date on the property had outlined an estimated Inferred Resource of 15.35 million tonnes grading 0.321 g/t Au and 190 g/t Ag at a cut-off grade of 100 g/t for a Silver-equivalent grade of 209.2 g/t, and equaling 3,211 million grams Ag-Eq or 103.2 million oz Ag-Eq(i).
The mineral resource estimate was based on assay results from diamond drill holes BP05-01 to BP07-149 plus seven extensions of holes previously drilled on La Preciosa Ridge. Average drill-hole spacing approximates 100 metres. Not all of the holes were used in the resource estimation as a number of holes tested targets outside the defined resource block. Orko is pleased to have added over 30 million ounces to the resource estimate which included assay data from an additional 36 holes of drilling since the previous estimate in October 2007. The Martha Vein accounted for all of the additional ounces added and now represents 56% of the total resource at La Preciosa. The Martha Vein has an average true thickness of 9.92 metres.
During 2008, Orko Silver also retained Mine Development Associates of Reno, Nevada to complete an independent resource estimate. This sixth resource estimate, initially scheduled for completion in the 4th quarter 2008, has been delayed until early 2009, so that additional metallurgical testing of the Martha Vein can be completed and missing information can be gathered, all with the expectation of upgrading the resource classification.
The final product will be a 3D block model including detailed recommendations for the next stage of drilling. Subsequent to the issuance of the MDA results, a Preliminary Economic Assessment analysis will be completed.
The Martha Vein oriented drilling program has extended the mineralization in a SSE direction, toward the La Preciosa/Santa Monica Property boundary. The Company's geologists have noted a drop in the silver values to the southeast, where drilling has taken place on the periphery of a small Quaternary basaltic volcano. Here Martha vein thickness remains strong.
A similar depletion in grade is also noted along the southern boundary of a second basaltic volcano along the northern boundary of Martha drilling. Our technical team now believes that heat from the emplacement of the northern volcano may have remobilized and caused the pooling of silver-bearing fluids into large mineralized zones, as seen in the vicinity of hole BP07-71ext (20m of 460 g/t Ag-Eq) and hole BP07-75ext (40m of 260 g/t Ag-Eq) as well as a number of other thick intercepts where our best portion of the current resource estimate lies. A similar scenario may be in place in the southeast in the vicinity of the second volcano. Orko geologists plan to test this theory in 2009 by drilling wider spaced holes south and southeast of the southern volcano, toward definition of richer areas of silver concentration.
The Company remains extremely optimistic about its future prospects at La Preciosa. For 2009, Orko Silver plans to carryout in-fill drilling that will allow the Company to increase the resource confidence of the Martha vein, as well as drill testing along the extensions of the other known vein trends, within the overall property package.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews01072009.pdf
George Cavey, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp
(i) Silver-equivalent, for the purposes of this resource estimate, was defined as the silver grade plus 60 times the gold grade. The reported numbers are for in situ metal content without consideration of metallurgical recoveries and net smelter returns.
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa.
ON BEHALF OF THE BOARD OF DIRECTORS
George Cavey, Vice-President Exploration
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Orko Silver Drills 3.99 Metres of 1 Kilogram Per Ton Silver Equivalent
Tuesday December 2, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
Of particular note is a thick, high-grade intercept for the Martha Vein in hole BP08-280. This hole is located on the eastern side of the mineralized trend. Hole BP08-280 yielded a true thickness of 6.74 metres grading 1.111 g/t gold and 561.6 g/t silver for a silver-equivalent of 628.2 g/t. Within this intercept is 3.99 metres grading 1.822 g/t gold and 927.4 g/t silver for a silver-equivalent of 1,036.7 g/t.
Also of interest is hole BP08-278 which yielded 5.10 metres grading 1.004 g/t gold and 251.3 g/t silver for a silver-equivalent of 311.5 g/t and hole BP08-325A (a re-drill of hole BP08-325, which was abandoned during drilling) yielded 6.47 metres grading 0.860 g/t gold and 421.5 g/t silver for a silver-equivalent of 473.1 g/t.
Gary Cope, President of Orko, adds: "We are particularly pleased with the results of Hole 280. It represents another in a long list of holes at La Preciosa that have yielded a significant intercept over 1 kilogram per ton Silver Equivalent. Holes 278, 280 and 325A were noteworthy not only for their impressive grades and widths but also because the high grade mineralization was encountered at a relatively shallow depth. Although we encountered a low grade section of the Martha Vein in some of the holes reported, which is typical in Mexican Epithermal Vein Systems, the vein is structurally strong and we anticipate encountering better grade mineralization with progression to the southeast."
Key Martha Vein intercepts added for this release
[continued in following link]
http://biz.yahoo.com/ccn/081202/200812020500556001.html?.v=1
Orko Silver Hits 26 Metre Intercept on Martha Vein
Monday September 8, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
Of particular note in this release for the Martha Vein is hole BP08-217, which yielded a true thickness of 5.52 metres grading gold 0.446 g/t and silver 306.0 g/t for a silver-equivalent of 332.7 g/t, plus lead 2.70 % and zinc 1.65 %.
Also, hole BP08-228 yielded 26.15 metres grading gold 0.111 g/t and silver 95.7 g/t for a silver-equivalent of 102.4 g/t, including a 5.85 metre portion grading gold 0.457 g/t and silver 199.8 g/t for a silver-equivalent of 227.3 g/t.
Gary Cope, President of Orko, adds, "We continue to expand the known Martha mineralization and we look forward to the next resource estimate, which should continue to grow the total resource at La Preciosa. We are also anticipating reporting additional assay results in the next few weeks."
The following Table is a summary of the Martha vein intercepts only, full details of each intercept follows this table.
Martha Vein Intercepts
[continued in following link]
http://biz.yahoo.com/ccn/080908/200809080484313001.html?.v=1
Orko Silver Encounters Multiple High-grade Intercepts from Martha Vein
Tuesday June 24, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
Of particular note for the Martha Vein is hole BP08-189 which yielded a true thickness of 9.47 metres grading gold 1.369 g/t and silver 323.3 g/t for a silver-equivalent of 405.4 g/t. Also, hole BP08-181 yielded 6.80 metres grading gold 0.251 g/t and silver 551.5 g/t for a silver-equivalent of 566.6 g/t.
BP08-210 exhibited higher base metals than usual along a deep portion of the Martha Vein. This hole yielded a true thickness of 6.29 metres grading gold 0.661 g/t and silver 232.8 g/t for a silver-equivalent of 272.5 g/t, plus lead 2.04% and zinc 4.76%. Base metals are not used in determining silver-equivalent values for this project.
Gary Cope, President of Orko, adds, "We now have assay results that extend the strike length of the Martha Vein to over one kilometer. We continue to intercept the Martha Vein one kilometer further to the southeast but await assay results for this drilling. We are starting to receive data from the labs at a much faster pace and expect to report further drill results in the near future. Our drilling program is moving at a rapid pace with the rigs currently drilling hole 279. The Company has also begun a 5 hole diamond drilling program at its Santa Monica project to test initial geophysical and geochemical targets."
BP08-210
[table in following link]
http://biz.yahoo.com/ccn/080624/200806240470364001.html?.v=1
Orko Silver Announces $10.0 Million Bought Deal Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2008) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Orko Silver Corp. (TSX VENTURE:OK) announces that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and BMO Capital Markets Inc., and including Haywood Securities Inc. and Macquarie Capital Markets Canada Ltd. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on an underwritten private placement basis, 6,100,000 common shares of Orko (the "Shares") at a price of $1.65 per Share (the "Issue Price") for aggregate gross proceeds of $10,065,000.
Orko has agreed to grant the Underwriters an option to sell up to an additional 1,220,000 Shares at the Issue Price for additional gross proceeds to Orko of up to $2,013,000.
The net proceeds of the private placement will be used for the continuing exploration program on Orko's Mexican mining properties and for general corporate purposes including working capital.
The private placement is expected to close on or about or June 12, 2008.
All securities issued under the private placement are subject to a hold period expiring four months and one day from the closing date. The private placement is subject to the acceptance of the TSX Venture Exchange.
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Minaz Devji, Executive Vice-President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Orko Silver Hits 25.59 Metres Grading 222.3 g/t Silver-Equivalent on Martha Vein
Monday April 28, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
Gary Cope, President of Orko, adds, "The Martha Vein continues to yield excellent grades across exceptionally wide intercepts. The strike length of the Martha structure is growing to the south east and current drilling is focused towards that direction. We are currently drilling holes 236-240 and we now have 85-90 holes drilled that were not in the last resource estimate. This, along with the significant intercepts from yet unnamed veins gives me cause for great optimism about the Company's future."
[CONTINUED IN FOLLOWING LINK]
http://biz.yahoo.com/ccn/080428/200804280457562001.html?.v=1
Press Release Source: Orko Silver Corp.
Orko Silver's Metallurgical Test Results Indicate Silver Recoveries Approaching 90%
Thursday April 17, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received results from the first laboratory testing program to investigate the mineral processing characteristics of the La Preciosa silver deposit. The results indicate that metallurgical recovery of silver from the La Preciosa silver deposit will approach 90%.
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Gary Hawthorn, P. Eng, President of Westcoast Mineral Testing Inc. adds, "These are the best silver recovery results that I've ever seen when utilizing the cyanidation process on Mexican silver deposits."
Orko provided 5 composites from drill core assay rejects to Westcoast Mineral Testing Inc. of North Vancouver, BC, from which a single master composite, grading a nominal 0.4 g/t Au and 300 g/t Ag was prepared.
Three cyanidation tests were then completed by Process Research Associates (PRA) of Richmond, BC. The first test determined that cyanidation is an effective processing option for this deposit. The next two tests evaluated cyanide concentration and grind. The cyanidation testing reported the following:
- A medium fine grinding is required to adequately expose the precious metals for cyanidation. The optimum has not yet been determined but it would appear to be about P80 equals 100 microns, or 70% passing 200 mesh.
- The tests also indicate that the optimum cyanide concentration will be in the range of 1 - 2 g/l. This is reflected by a cyanide consumption of about 2.3 kg/t.
- Under these conditions, 88% silver and 75% gold extractions can be expected.
- The data suggests that finer grinding will increase the silver recovery to approximately 90%.
Flotation concentration reported only 73.5% silver and 44.0% gold recovery from the master composite. The data from this single test indicated that flotation is unlikely to be a desirable processing option, so future testing will investigate only cyanidation.
This initial laboratory testing program has adequately defined the processing parameters for the submitted samples, so that the exploration program can proceed with the knowledge that the material can be processed in a conventional agitation cyanidation circuit.
The initial laboratory testing shows an improvement of 5% in silver recovery compared with historical data available from Luismin which indicated initial recoveries of 85% silver and 75% gold. Elsewhere in Mexico, other silver companies report recoveries of 50% - 90%, the La Preciosa results appear to be comparable with some of the better metallurgical recoveries reported.
As the exploration program advances, additional bench scale testing will be completed to determine the universality of these results and to evaluate other processing characteristics to confirm that the silver recovery will achieve 90% recovery or better.
The technical content of this news release has been prepared by Gary Hawthorn, P.Eng, an independent Qualified Person as defined by NI 43-101.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews04172008.pdf
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
- Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
silver100,
Two solid news releases today and the stock get pummeled.
Go figure.
sumisu
Press Release Source: Orko Silver Corp.
Orko Silver Increases Resource Estimate by 41% to 103.2 Million Ounces Silver Equivalent
Monday March 31, 11:46 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to report that an updated NI 43-101 compliant mineral resource estimate has been completed on its La Preciosa Project in Durango, Mexico. The study concludes that work to date on the property has outlined an estimated Inferred Resource of 15.35 million tonnes grading 0.321 g/t Au and 190.0 g/t Ag at a cut-off grade of 100 g/t for a Silver-Equivalent grade of 209.2 g/t.
Contained metal in the Inferred Resource equals 2,915 million grams Ag (93.7 million oz Silver) and 4.92 million grams Au (158,000 oz Gold) for a silver-equivalent 3,211 million grams Ag-Eq (103.2 million oz Silver Equivalent). Silver-equivalent values reported in this Resource Estimate are determined by adding the silver grade to 60 times the gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100%.
Table of Comparative Change between Resource Estimate IV (Oct 2007) and Resource Estimate V (March 2008)
---------------------------------------------------------------------------
Oct 2007 Mar 2008 % Change
---------------------------------------------------------------------------
Tonnes (million) 10.36 15.35 + 48%
---------------------------------------------------------------------------
Au (g/t) 0.328 0.321 -0.02%
---------------------------------------------------------------------------
Ag (g/t) 200.0 190.0 - 5%
---------------------------------------------------------------------------
Ag-Eq (g/t) 219.0 209.2 - 4%
---------------------------------------------------------------------------
Gold (ounces) 109,000 158,000 + 45%
---------------------------------------------------------------------------
Silver (million ounces) 66.6 93.7 + 41%
---------------------------------------------------------------------------
Silver-Equivalent (million ounces) 73.1 103.2 + 41%
---------------------------------------------------------------------------
Gary Cope, President of Orko, adds, "We are very pleased to have added over 30 million ounces to the current estimate especially since we were able to only include assay data from an additional 36 holes of drilling since our previous estimate in October 2007. Given that we have already started drilling Hole 220 at La Preciosa, for our next resource estimate we anticipate having available assay data from at least another 70 or more drill holes. To that end, we have retained the services of Mine Development Associates of Reno Nevada to complete an independent resource estimate expected to be received in the 3rd quarter of this year. The final product will be a 3D block model and a preliminary economic assessment with mining methods, type of plant, cash flow, etc. and a complete 43-101 resource estimate report."
The Martha Vein
The Martha Vein accounted for all of the additional ounces added in this resource estimate and now represents 56% of the total resource estimate at La Preciosa. Of note is that The Martha Vein has a true average width of 9.92 metres.
The Effect of Martha Vein to Resource Estimates III, IV & V
---------------------------------------------------------------------------
All Other Veins Martha Total
Resource (million oz (million oz (million oz Martha %
Estimate Ag-Eq) Ag-Eq) Ag-Eq) of Total
---------------------------------------------------------------------------
Mar 2007 39.3 n/a 39.3 0
---------------------------------------------------------------------------
Oct 2007 45.6 27.5 73.1 38
---------------------------------------------------------------------------
Mar 2008 45.6 57.6 103.2 56
---------------------------------------------------------------------------
Basis of Resource Estimate
La Preciosa is an epithermal vein hosted silver-gold deposit located at 2,100 metres elevation on the eastern side of the Sierra Madre Occidental Mountains of north-central Mexico. The resource estimate includes; the Abundancia, La Gloria, Luz Elena, and Esperancita Veins. In addition, the Martha vein, discovered in hole BP06-77, has added considerably to the overall resource estimate. More strike length potential and down dip projections, as well as additional veins are currently being tested on the Abundancia and Martha veins as well as the other veins. Mineralized-shoots have been projected a maximum 25 meters vertically below drill intercepts. Silver-equivalent is calculated as silver plus 60 times gold, with metallurgical recoveries and net smelter returns assumed to be 100%.
The mineral resource estimate is based upon assay results from diamond drill holes BP05-01 to BP07-149 plus 7 extensions of holes previously drilled on La Preciosa Ridge completed by Major Drilling International, under the direction of Orko Silver. Average drill hole spacing is approximately 100 metres. Not all of the holes were used in the resource estimation as a number of holes tested targets outside the defined resource block.
The mineral resource estimate was done at both 100 g/t and 150 g/t cut-off grades and both will be available in the report. Upon doing its due diligence in reviewing cut-off grades, the Company's qualified person feels given the location of the project and current market conditions that the 100 g/t cut-off grade is more relevant.
Samples from the 2005-08 programs up to hole BP07-94 were sent to SGS Mineral Services prep lab in Durango, with the pulps then sent to SGS Mineral Services accredited laboratory in Toronto, Canada. Since hole 07-94, the samples have been sent to Inspectorate America Corporations prep lab in Durango, with pulps then sent to the Inspectorate accredited laboratory in Sparks Nevada. Both labs have ISO certification. All samples have been analyzed by 40 element Inductively-Coupled Plasma (ICP) analyses, with gold determined by Fire Assay (FA) and silver determined by Atomic Absorption Spectrometry (AAS). Coarse sample rejects are then collected from SGS and Inspectorate in Durango and returned to the project site to be available for future testing. A detailed QA/QC program has been implemented since the beginning of the 2005-08 drilling, with control standards and blanks being inserted every 10th sample submitted, as well as duplicate analyses every 12th sample.
Resource estimates were prepared on vertical longitudinal sections for each vein with the exception of the Martha vein; the dip of veins has been measured on 100 metre spaced cross sections for volumetric adjustments. On the longitudinal sections, multiple mineralized-shoot locations are implied by unverified underground sampling. The ore shoots have been defined utilizing minimum cut-offs of 100 and 150 g/t Ag-Eq and constrained by minimum true vein thicknesses greater than 1.5 metres. The specific gravity has been measured for at least one piece of core in every sample submitted during the 2005-08 programs and this data has been used to convert the estimated volumes to tonnages. Within mineralized shoots the average grades have been estimated by weighted average (weighted by true thickness) of all drill intercepts within each ore-shoot, without an areal polygon weighting. Additional historical data of over 1300 channel samples from approximately 2.4 kilometers from drifting were not used in this study, as they have not yet been verified, however, the underground samples correlate well with the drilling results and were used to delineate mineralized-shoot boundaries.
Unlike the other veins on the property which dip between 45 and 60 degrees, the Martha vein is typically dipping 20 degrees. This relatively flat dip prompted the adoption of a plan approach to the estimate of the Martha resource. Drill hole pierce points were plotted based on down hole surveys and drill logs, based on these pierce points polygons were defined around each intercept. Plan areas were measured and then increased to account for the dip area indicated by 100 meter spaced cross sections. Inclusion or exclusion of a polygon in the resource estimate was defined using minimum cut-offs of 100 and 150 g/t Ag-Eq and constrained by minimum true vein thicknesses greater than 2.0 metres.
All 2005-2008 holes were started in HQ-size core, with reduction to NQ-size core at approximately 260 metre down hole depth. Drill core is logged by geologists who mark sample locations according to lithological/alteration changes. The individual samples are taken over core lengths always less than or equal to two metres and commonly less than a metre. The core is cut in half with a diamond saw. One-half of the core is stored in the original core boxes in core storage buildings on site. The other half of the cut core samples is placed in sample bags and transported by Orko personnel to the SGS Mineral Services or Inspectorate labs in Durango, Mexico for sample preparation and analysis.
Company geologist Ben Whiting, P.Geo., a Qualified Person as defined by National Instrument (NI) 43-101, was responsible for the mineral resource estimate. Mr. Whiting has read and approved the contents of this News Release. The resource estimate is classified as an Inferred Mineral Resource, consistent with the CIM definitions referred to in NI 43-101. This estimate will be filed in a technical report, compliant with NI 43-101 on SEDAR within 45 days. Mineral resources, which are not mineral reserves, have not demonstrated economic viability. Orko is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues, which may materially affect its estimate of mineral resources.
Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp
A complete table of drill results is available at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews033120082.pdf
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
- Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Press Release Source: Orko Silver Corp.
Orko Silver Hits 20.85 Metres Grading 458.3 g/t Silver-Equivalent on Martha Vein Including Over 3 Metres Grading Greater Than 1.5 Kilos
Monday March 31, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
ADVERTISEMENT
A deepening of hole BP06-71 was performed in late 2007, from 251 metres to a new depth of 533 metres, and the extended hole name was changed to BP06-71ext. The Martha Vein was intersected at a depth of 389.43 to 411.62 metres for a true width of 20.85 metres grading gold 0.414 g/t and silver 433.5 g/t, for a silver-equivalent of 458.3 g/t. Within this interval is a true width 3.05 metres grading gold 0.802 g/t and silver 1,547.4 g/t, for a silver equivalent of 1,595.5 g/t.
Hole BP06-71ext is located southeast of and adjacent to the area reported in the 43-101 compliant Resource Estimate (news release 01 October 2007) for the Martha Vein, thus will be included in the next estimate.
In addition, the extended holes BP06-74ext, BP06-70ext, BP06-64ext, BP06-62ext and BP06-60ext also intersected the Martha Vein (see tables below).
Gary Cope, President of Orko, adds, "We are obviously very pleased with the intercept reported in Hole 71ext and the impact it will have on our upcoming 43-101 compliant Resource Estimate. Moreover, drilling is continuing at a brisk pace at La Preciosa with all four rigs working at full capacity and Hole 220 is now underway. Even with the inclusion of all currently available assay results in the next Resource Estimate, the Company will have drilled over 70 holes that will not be included in the upcoming Resource Estimate. We are eagerly looking forward to reporting the next Resource Estimate and beyond that foresee a continued stream of assay results from on-going drilling at La Preciosa."
BP06-71ext
--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Unnamed 271.73 272.28 0.55 0.55 1.678 58.3 159.0
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Martha 389.43 411.62 22.19 20.85 0.414 433.5 458.3
--------------------------------------------------------------------------
Includes 389.43 395.97 6.54 6.15 0.455 872.1 899.4
--------------------------------------------------------------------------
Includes 389.71 392.96 3.25 3.05 0.802 1,547.4 1,595.5
--------------------------------------------------------------------------
Includes 390.29 390.63 0.34 0.32 0.510 4,036.6 4,067.2
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Unnamed 527.39 528.09 0.70 0.61 0.138 150.5 158.8
--------------------------------------------------------------------------
Hole BP06-71ext is located on the east side of La Preciosa Ridge, azimuth 090 degrees, dip -50 degrees, on mine-section 15,100 N. It was originally drilled in 2006 to a depth of 251.46 metres and was extended in late 2007 to a depth of 533.10 metres. The Martha vein is a prominent structure in this hole.
BP06-74ext
--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Martha 375.18 380.04 4.86 4.69 0.190 53.1 64.5
--------------------------------------------------------------------------
Includes 377.11 379.32 2.21 2.13 0.268 86.1 102.1
--------------------------------------------------------------------------
Includes 377.32 377.72 0.40 0.39 0.517 186.3 217.3
--------------------------------------------------------------------------
Hole BP06-74 is on the east side of La Preciosa Ridge, azimuth 000 degrees, dip -90 degrees, on mine-section 15,100 N. It was originally drilled to a depth of 300.23 metres in 2006 then extended to a depth of 516.33 in late 2007. Base metal content (zinc and lead) are elevated.
BP06-70ext
--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Martha 444.89 460.37 15.42 14.49 0.234 88.8 102.9
--------------------------------------------------------------------------
Includes 444.89 450.68 5.79 5.44 0.232 166.2 180.1
--------------------------------------------------------------------------
Includes 447.89 450.68 2.79 2.62 0.325 313.9 333.4
--------------------------------------------------------------------------
Includes 448.11 448.51 0.40 0.38 0.670 1,364.4 1,404.6
--------------------------------------------------------------------------
Hole BP06-70ext was drilled in 2006 and later extended near the end of 2007 to a depth of 514.20 metres. It is located on the east side of La Preciosa Ridge, azimuth 000 degrees, dip -90 degrees, 100 metres south of hole BP07-135, on mine-section 14,900 N. Base metal content increases in the Martha vein and veinlets below.
BP06-64ext
--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Unnamed 276.83 277.03 0.20 0.19 2.207 330.0 462.4
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Martha 299.50 325.70 26.20 24.62 0.276 100.2 116.8
--------------------------------------------------------------------------
Includes 308.32 324.31 15.99 15.03 0.303 136.1 154.3
--------------------------------------------------------------------------
Includes 320.41 324.31 3.90 3.66 0.324 366.4 385.9
--------------------------------------------------------------------------
Includes 321.26 321.96 0.70 0.66 0.434 1,177.4 1,203.4
--------------------------------------------------------------------------
Hole BP06-64ext is located on the east side of La Preciosa Ridge, azimuth 090 degrees, dip -50 degrees, on mine-section 15,200 N. It was originally drilled in 2006 then extended to a depth of 480.90 metres in late 2007. The Martha vein is a prominent structure in this hole.
BP06-62ext
--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Unnamed 244.44 245.04 0.60 0.56 0.156 118.2 127.5
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Unnamed 260.15 261.24 1.09 0.83 0.073 114.5 118.9
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Martha 284.76 295.85 11.09 10.42 0.108 61.6 68.0
--------------------------------------------------------------------------
Includes 289.90 295.20 5.30 4.98 0.126 95.2 102.8
--------------------------------------------------------------------------
Includes 289.90 292.05 2.15 2.02 0.243 102.8 117.4
--------------------------------------------------------------------------
Includes 289.90 290.70 0.80 0.75 0.607 231.1 267.5
--------------------------------------------------------------------------
Hole BP06-62 was drilled in 2006 east of the outcropping Abundancia Vein in the "Mina La Preciosa Sector", on section mine-grid 15,200 N, to test the Luz Elena vein. In late 2007 the hole was extended to a depth of 480.06 metres to test the Martha vein. The Martha vein is a network of veins and veinlets in this hole.
BP06-60ext
--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Martha 364.12 368.91 4.79 4.50 0.134 16.7 24.7
--------------------------------------------------------------------------
Includes 367.38 367.82 0.44 0.41 0.185 63.5 74.6
--------------------------------------------------------------------------
Hole BP06-60ext is located in the "Mina La Preciosa Sector", high on La Preciosa Ridge, on section mine-grid 15,200 N, east of holes BP05-03, 04 and 07, and west of hole BP06-62 and 64. Orientation was azimuth 090 degrees and dip -80 degrees. It was designed to pass through Abundancia vein, targeting the Luz Elena vein when initially drilled in 2006 and was extended deeper in late 2007 to intercept Martha vein, with the end of hole to 517.25 metres. Martha structure is present, with elevated base metal and gold values, but is low in silver.
A complete table of drill results is available at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A detailed drill plan map is available at the link below:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews03312008.pdf
Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp
Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100%.
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
- Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Nice move. I would not be surprised to see either or both taken out. I kind of hope Orko does and Impact is left to develop for a while as I think they still have a lot of hidden potential.
silver,
When I watch Impact Silver and Orko, they often move in tandem.
I took a little profits from Orko two days ago and bought more Impact to even out my holdings between the two, just in case one of them is targeted by a suitor.
sumi
From all of the activity this week, I almost expected a buyout; maybe that is just around the corner.
sumi
Orko Silver Hits Massive Intercept on Martha Vein
Wednesday February 27, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
A deepening of hole BP06-75 was performed in late 2007, from 250 metres to a new depth of 521 metres, and the extended hole name was changed to BP06-75ext. The Martha Vein was intersected at a depth of 351.22 to 393.42 metres for a true width of 39.66 metres grading gold 0.370 g/t and silver 235.2 g/t, for a silver-equivalent of 257.5 g/t.
Hole BP06-75ext is located southeast of and adjacent to the area reported in the 43-101 compliant Resource Estimate (news release 01 October 2007) for the Martha Vein, thus will be included in the next resource estimate.
Gary Cope, President of Orko, adds, "The massive intercept announced in the extension of Hole 75 is certainly amongst the best to date at La Preciosa. Also of particular interest is an unnamed intercept in Hole 147 over 3.82 metres true width grading 643.3 g/t silver-equivalent encountered approximately 140 metres below the Martha Vein. As this could be the discovery of a new vein, future drilling will be designed to further test this new development. The Company anticipates releasing its next 43-101 compliant resource estimate before the end of March 2008."
The following tables highlight results from drilling targeted to intercept the Martha Vein and other veins.
BP06-75ext
[continued in following link]
http://biz.yahoo.com/ccn/080227/200802270444740001.html?.v=1
Orko Silver "buy," target price raised
Wednesday, January 16, 2008 10:45:02 AM ET
Research Capital
NEW YORK, January 16 (newratings.com) - Analysts at Research Capital maintain their "buy" rating on Orko Silver Corp (ticker: OG3). The 12-month target price has been raised from C$2.30 to C$2.65.
In a research note published this morning, the analysts mention that the recent drill results from the La Preciosa mine point towards a thinning of the zone to the northeast and continuation of the 6-15 metre zones towards the southeast. The silver resource at La Preciosa is in the initial stages of definition and the company would continue expansion of the resource to the southeast, the analysts say. The upward revision in the target price reflects the revision in the estimates for gold and silver prices, Research Capital adds.
http://www.newratings.com/analyst_news/article_1681311.html
Press Release Source: Orko Silver Corp.
Orko Silver Expands the Martha Vein to the Southeast at La Preciosa
Tuesday January 15, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Additional drilling has extended the Martha Vein southeastward; including a thick mineralized zone 400 metres south of the area reported in the October 1st, 2007, 43-101 Compliant Resource Estimate.
Hole BP07-146 hit a true width of 15.15 metres grading gold 0.321 g/t, silver 141.7 g/t for a silver-equivalent of 160.9 g/t. It includes a higher grade core of 8.20 metres grading gold 0.519 g/t, silver 213.3 g/t for a silver-equivalent of 244.5 g/t. This hole expands the area previously reported with hole BP07-135, which yielded 16.55 metres of gold 0.363 g/t and silver 355.9 g/t for a silver equivalent of 377.7 g/t (see news release dated November 19th, 2007).
Gary Cope, President of Orko Silver, adds, "These results continue to demonstrate that the Martha Vein is a major developing story at La Preciosa. The grades combined with large widths are very encouraging for our next 43-101 Resource Estimate expected to be released at the end of the first quarter. We are also happy to report that the 2008 Exploration program is now fully operational with all 4 rigs drilling at La Preciosa."
The following holes highlight results from drilling targeted to intercept the Martha Vein and other veins.
BP07-146
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 302.54 318.66 16.12 15.15 0.321 141.7 160.9
Includes 309.93 318.66 8.73 8.20 0.519 213.3 244.5
Includes 317.55 318.66 1.11 1.04 1.035 443.4 505.5
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 333.45 334.15 0.70 0.54 0.404 422.7 447.0
Includes 333.95 334.15 0.20 0.15 0.602 1,089.7 1,125.8
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 348.94 349.46 0.52 0.49 1.648 256.0 354.9
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 369.93 370.45 0.52 0.50 0.341 467.5 488.0
------------------------------------------------------------------------
Hole BP07-146 is located east of La Preciosa Ridge on mine section 15,100 N, 100 metres east of hole BP07-136, as well as 100 metres east and 100 metres north of high-grade hole BP07-141. It is oriented azimuth 090, dip -45 degrees.
BP07-144
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha
(total) 327.56 357.49 29.93 28.03 0.080 82.6 87.4
------------------------------------------------------------------------
------------------------------------------------------------------------
Marthita 327.56 331.68 4.12 3.87 0.090 172.2 177.5
Includes 329.74 331.68 1.94 1.82 0.124 317.7 325.2
Includes 330.05 330.25 0.20 0.19 0.375 1,006.5 1,029.0
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 348.50 357.49 8.99 8.45 0.179 147.2 158.0
Includes 353.71 357.49 3.78 3.55 0.272 207.9 224.2
Includes 355.62 356.20 0.58 0.55 0.815 531.2 580.1
------------------------------------------------------------------------
Hole BP07-144 is located on the east side of La Preciosa Ridge, azimuth 090 degrees, dip -45 degrees, 100 metres east of hole BP07-141 and 100 metres south of BP07-146, on mine-section 15,000 N. The interval Martha (total) is from Marthita to Martha and all the sub-intervals.
BP07-143
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 391.36 397.67 6.31 5.93 0.311 181.1 199.8
Includes 395.08 397.67 2.59 2.43 0.611 415.9 452.6
Includes 395.68 395.90 0.22 0.21 1.035 982.4 1,044.5
------------------------------------------------------------------------
Hole BP07-143 is located on the east side of La Preciosa Ridge, azimuth 090 degrees, dip -45 degrees, 100 metres east of hole BP06-138 and 100 metres south of hole BP07-144, on mine-section 14,900 N. There is one internal interval of "no recovery" entered as zero grade, thus the overall grade may be understated.
BP07-142
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 231.17 237.10 5.93 5.57 0.059 37.6 41.2
Includes 233.75 235.07 1.32 1.24 0.146 95.6 104.4
Includes 233.99 234.25 0.26 0.24 0.320 239.8 259.0
------------------------------------------------------------------------
Hole BP07-142 is located north of La Preciosa Ridge on mine section 15,800 N, 100 metres east of hole BP07-125A. It is oriented azimuth 090, dip -45 degrees.
BP07-141
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha
(total) 398.84 431.17 33.35 31.34 0.082 81.2 86.1
------------------------------------------------------------------------
------------------------------------------------------------------------
Marthita 398.84 403.01 4.17 3.92 0.040 101.0 103.4
Includes 399.54 401.26 1.72 1.62 0.042 117.8 120.3
Includes 402.71 403.01 0.30 0.28 0.030 410.8 412.6
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 426.38 432.19 5.81 5.46 0.349 280.5 301.4
Includes 429.40 432.19 2.79 2.62 0.554 500.6 533.8
Includes 429.40 431.17 1.77 1.66 0.745 661.7 706.4
------------------------------------------------------------------------
Hole BP07-141 is located on the east side of La Preciosa Ridge, azimuth 090 degrees, dip -50 degrees, 100 metres east of hole BP07-135, on mine-section 15,000 N. The interval Martha (total) is from Marthita to Martha and all the sub-intervals. Martha (total) also grades 0.21 % Pb and 0.71 % Zn.
BP07-140
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 246.30 259.53 13.23 12.43 0.068 60.4 64.5
Includes 246.30 248.91 2.61 2.45 0.167 107.5 117.5
Includes 246.30 247.78 1.48 1.39 0.254 157.1 172.4
------------------------------------------------------------------------
Hole BP07-140 is located north of La Preciosa Ridge on mine section 15,600 N, 100 metres east of hole BP07-124. It is oriented azimuth 090, dip -48 degrees.
BP07-139
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 187.93 189.13 1.20 1.13 0.095 277.9 283.6
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 220.50 235.92 15.42 14.49 0.169 59.4 69.5
Includes 220.50 222.68 2.08 1.95 0.444 146.6 173.2
Includes 220.50 221.79 1.29 1.21 0.611 215.0 251.6
------------------------------------------------------------------------
Hole BP07-139 is located north of La Preciosa Ridge on mine section 15,500 N, 100 metres east of hole BP07-128. It is oriented azimuth 090, dip -60 degrees.
BP07-138
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 436.94 442.86 5.92 5.56 0.130 47.0 54.8
Includes 436.94 438.60 1.66 1.56 0.181 95.0 105.9
Includes 437.14 437.59 0.45 0.42 0.406 248.7 273.1
------------------------------------------------------------------------
Hole BP07-138 is located on the east side of La Preciosa Ridge, azimuth 090 degrees, dip -50 degrees, 100 metres east of hole BP06-68, on mine-section 14,900 N.
BP07-137
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 455.25 460.06 4.81 4.35 0.069 35.1 39.3
Includes 455.64 459.61 3.97 3.60 0.065 36.7 40.6
Includes 457.78 458.05 0.27 0.24 0.039 111.2 113.5
------------------------------------------------------------------------
Hole BP07-137 is located on the east side of La Preciosa Ridge, 100 metres east of hole BP06-65, on mine grid 14,800 N, azimuth 090, dip -50 degrees. The Martha structure is present, but does not meet current grade requirements.
BP07-136
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 324.07 331.04 6.97 4.93 0.134 48.1 56.2
Includes 324.07 325.87 1.80 1.27 0.347 93.8 114.6
Includes 324.07 324.89 0.82 0.58 0.445 121.3 148.0
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 407.47 411.06 3.59 3.11 0.322 109.8 129.1
Includes 407.47 409.18 1.71 1.48 0.463 132.9 159.1
------------------------------------------------------------------------
Hole BP07-136 is located east of La Preciosa Ridge on mine section 15,100 N, 100 metres east of hole BP07-133. It is oriented azimuth 090, dip -50 degrees.
BP07-134
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 118.09 119.85 1.76 1.65 0.140 115.9 124.3
Includes 118.09 118.29 0.20 0.19 0.057 515.6 519.0
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 243.32 255.05 11.73 11.33 0.609 106.2 142.7
Includes 243.84 249.12 5.28 5.10 0.977 125.3 184.0
Includes 254.00 254.20 0.20 0.19 0.821 1,043.1 1,092.4
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 405.21 406.96 1.75 1.52 0.248 170.3 185.2
Includes 405.64 406.96 1.32 1.14 0.267 222.4 238.4
------------------------------------------------------------------------
Hole BP07-134 is located on the east side of La Preciosa Ridge, mine-section 15,200 N, at azimuth 090, dip -50. It was drilled from the same pad as the vertical hole BP07-131, thus its Martha intercept is further to the east.
A complete table of drill results is available at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A detailed drill plan map is available at the link below:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews011508.pdf
Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp
Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100%.
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
- Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Orko Silver Provides Year End Summary and Update for 2008
Friday December 21, 8:00 am ET
http://biz.yahoo.com/ccn/071221/200712210433503001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) - The Company wishes to provide a year end summary and update of activities planned for 2008.
Calendar Year 2007 included a milestone event for Orko Silver with the discovery of the Martha Vein in Hole 77 announced on March 27th, 2007. The Company also managed to double the number of rigs drilling at its projects from 2 to 4. We also released two NI 43-101 compliant resource estimates during 2007. The most recent of which increased our resource at La Preciosa by 86% to 73.1 Million Silver-equivalent ounces of contained metal. The independently verified estimate, announced on October 1st, 2007, concluded that work to date on the property had outlined an estimated Inferred Resource of 10.36 million tonnes grading 0.328 g/t Au and 200.0 g/t Ag at a cut-off grade of 100 g/t for a Silver-Equivalent grade of 219.0 g/t. Silver-equivalent for the purposes of this resource estimate was defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns were assumed to be 100%.
The October 1st, 2007 resource estimate was based on data that included 120 holes drilled by Orko Silver at La Preciosa. To further our objective of increasing the resource at La Preciosa, we have since completed hole 167 and deepened another 8 previously drilled holes to further test the Martha Vein.
During Calendar Year 2007, Orko Silver managed to drill over 35,500 metres at La Preciosa bringing the total drilled at La Preciosa to date to over 73,000 metres. Orko Silver also completed an 8 hole program comprising of over 5300 metres of drilling at its contiguous San Juan Project, a joint venture with Silver Standard Resources Inc.
The Company has now completed its drill program for Calendar Year 2007 with all 4 drill rigs currently undergoing yearly maintenance overhauls. Two of the rigs will resume drilling in the first week of January with the other 2 to follow in the second week of the month. The geological team at La Preciosa will continue to work into next year with the usual holiday season breaks with a goal towards mobilizing to full capacity during the first week of January 2008.
The Company remains extremely optimistic about its future prospects and its progress at La Preciosa as it awaits assay results from drilling completed during 2007. For 2008, we intend to vigorously continue our drilling program at La Preciosa with a focus towards expanding our resource based on the Martha Vein and other drill targets. The Company also began the interpretation of geophysical data recently received on its contiguous Santa Monica Project, a joint venture with Goldcorp, Inc. The Company hopes to begin a drill program at Santa Monica in the New Year.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews.pdf
George Cavey, P.Geo. is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:
http://www.orkosilver.com/s/QAQC.asp
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
George Cavey, Vice-President Exploration
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
- Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: http://www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Orko Silver Hits 16.55 Metres Grading 377.7 g/t Silver-Equivalent on Martha Vein
Monday November 19, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Ten more drill holes have extended the Martha Vein structure from the previously reported Inferred Resource Estimate area (see news release 01 October 2007), of which seven exceed 5 metres true width, illustrating the continuity of this major structure. Hole BP07-135 hit a true width of 16.55 metres grading gold 0.363 g/t, silver 355.9 g/t for a silver-equivalent of 377.7 g/t.
Gary Cope, President of Orko, adds, "Since the last resource estimate that included holes to BP07-120, the focus of the ongoing drilling program has been to drill test the Martha Vein both to the east and to the south of the previously defined area of Martha Vein resource reported in the Oct 1 resource estimate (see news release Oct 1, 2007 for details). To date the company has drilled approximately 35 holes further testing the extent of the Martha Vein which now has been intercepted continuously in numerous holes up to a further kilometer south and east of the holes that contain the Martha Vein mineral resource estimate. The Martha Vein is an encouraging structure, varying in thickness but consistent in predictability as the drills move east and south of the previous Martha resource estimates. Grades for many of the Martha vein holes recently drilled are unknown and will be released as the company receives the results of the sampling.
The discovery of Martha and the newly available drilling data suggests that we are onto a deposit of much larger scale and scope than had originally been conceived. To that end, we are focusing our attention and resources on drill testing the Martha Vein more aggressively. We are proud of what our team has accomplished at La Preciosa and are excited about the prospect of releasing more drill results. We look forward to releasing new resource estimate in Q1 2008."
The following holes highlight results from drilling targeted to intercept the Martha Vein and other veins.
BP07-135
[continued in following link]
http://biz.yahoo.com/ccn/071119/200711190426429001.html?.v=1
Ten silver stocks and ETF outperforming the majority
A grouping of ten silver stocks (of some 50), plus the silver ETF, have broken out in a front pack, leaving others lagging some way behind.
Author: Barry Sergeant
Posted: Wednesday , 07 Nov 2007
JOHANNESBURG -
Despite silver breaking out in the past couple of trading days to change hands at multi-generational highs, the average listed silver stock is trading at more than 20% off its 12-month high. Similar trend and trading patterns are reflected in listed gold stocks, and in both cases, various fingers point to the growing influence of ETFs.
The official launch of the silver ETF in May 2006 cast a pall over the silver stocks sector. Up to that point, silver stocks were indeed trading at premiums to both North American gold and base metal stocks. Before the end of 2006, the ETF had attracted more than 120m ounces of silver, about 50% more than analysts had anticipated.
True to form, the iShares Silver Trust ETF (AMEX: SLV, $153.89) has broken through record highs in current trading sessions, confirming early analysis that a good number of investors prefer silver metal alone. Such an investment avoids the multiplicity of risks inherent in allocating cash directly into a silver mining stock, which, in turn, have to offer specific characteristics to continue attracting investors.
Stock price trading patterns show that about ten listed silver stocks have broken into a front pack, characterized by the phenomenon of making fresh price highs in sympathy with silver metal. The list includes the world's biggest silver producer, Penoles (MEX: PNSLF, P237.15 a share), along with other heavyweights such as Hecla Mining (HL, $11.67), Hochschild Mining (HOC.L, £4.87), Pan American Silver (PAAS, $37.25), Silver Wheaton (SLW, $18.20), and emerging producer Silver Standard (SSRI, $47.91).
This exclusive group is joined, in terms of performance, by relative lightweights Excellon Resources (EXN.V, C$1.98), Fortuna Silver Mines (FVI.V, C$3.85), and Impact Silver (IPT.V, C$2.01) - all three are producers - and just a single developer, Orko Silver (OK.V, C$2.04). Among heavyweights, Coeur d'Alene (CDE, $4.59) stands out as underperforming its peer group.
Silver has come a long way in the past few years. The silver price averaged $11.55/oz in 2006, some 58% higher than 2005 levels; this year, the increase to date stands at 24%, setting the metal up for the seventh consecutive year of gains. The increase, led by rising investment demand, has recently seen the silver price successively record its highest levels since 1980, with a break through $16/oz during most recent trading sessions.
Silver's ongoing successes cannot be understated. For many years, the metal's fundamentals have toiled under the uncertainty of initial and remaining levels of above-ground silver supply held, mostly, by China, Russia, and India. This story perked up during the past decade, given a significant drawdown of above-ground stockpiles over the period to meet the annual excess of global demand over new mine supply.
In recent months, there have been signs of investors once again returning to silver stocks. The iShares Silver Trust ETF has registered a relatively modest increase in terms of metal purchased, with an increase from 121m ounces at end-2006, to 138m ounces this year, based on latest figures. By the same token, there are more recent indications that the big heavyweight silver stocks are mopping up a good chunk of investor capital allocated to silver, whether metal or stocks.
Selected silver stocks
[continued in following link]
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=39421&sn=Detail
Press Release Source: Orko Silver Corp.
Orko Silver Adds Fourth Drill Rig
Wednesday October 10, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that Major Drilling S.A. de C.V. of Hermosillo, Sonora, Mexico, has delivered a fourth diamond drilling rig and crew to Orko Silver's La Preciosa project. The fourth rig will be initially utilized at Orko Silver's La Preciosa property to accelerate drill target testing of the impressive Martha Vein.
ADVERTISEMENT
Orko Silver recently succeeded in contracting a third rig which is currently operating on the San Juan property, a joint venture project with Silver Standard Resources Inc., located immediately west adjacent to La Preciosa. Before the end of 2007, Orko Silver anticipates starting a drill program at its Santa Monica Joint Venture with Goldcorp, Inc. located immediately east adjacent to La Preciosa.
Gary Cope, President of Orko Silver adds, "The impressive results yielded from the Martha Vein since its discovery in Hole BP06-77 prompted us to accelerate the program at La Preciosa. The Martha Vein's significant contribution to our last resource estimate only served to reinforce that decision. We are anxiously looking forward to more assay results from La Preciosa."
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews.pdf
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 3 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Holy cow!
Not a buyout but I'm happy!
Orko Silver Increases Resource Estimate by 86% to 73.1 Million Ounces Silver Equivalent
Monday October 1, 12:05 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to report that an "independently verified" NI 43-101 compliant mineral resource estimate has been completed on its La Preciosa Project in Durango, Mexico. The study concludes that work to date on the property has outlined an estimated Inferred Resource of 10.36 million tonnes grading 0.328 g/t Au and 200.0 g/t Ag at a cut-off grade of 100 g/t for a Silver-Equivalent grade of 219.0 g/t.
Contained metal in the Inferred Resource equals 2,070 million grams Ag (66.6 million oz Silver) and 3.28 million grams Au (109,000 oz Gold) for a silver-equivalent 2,274 million grams Ag-Eq (73.1 million oz Silver Equivalent). Silver-equivalent values reported in this Resource Estimate are determined by adding the silver grade to 60 times the gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100%.
Table of Comparative Change between Resource Estimate III (March 2007) and Resource Estimate IV (September 2007):
[the rest]
http://biz.yahoo.com/ccn/071001/200710010416213001.html?.v=1
I heard buyout rumors as the reason for the recent run in this one. I guess now is when we find out. Bought some a while ago. Wish I had bought more.
Market Regulation Services - Trading Halt - Orko Silver Corp. - OK
Friday September 28, 2:15 pm ET
http://biz.yahoo.com/cnw/070928/tsx_v_halt.html?.v=8
VANCOUVER, Sept. 28 /CNW/ - The following issues have been halted by Market Regulation Services (RS):
Issuer Name: Orko Silver Corp.
TSX-V Ticker Symbol: OK
Time of Halt: 14:01 EST
Reason for Halt: Pending News
For further information
Market Regulation Services Inc., (416) 646-7299
--------------------------------------------------------------------------------
Source: Market Regulation Services Inc.; Market Regulation Services - Halts/Resumptions
Why the silver price is set to soar
Tuesday 25th September 2007
http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html
Press Release Source: Orko Silver Corp.
Orko Silver Adopts Shareholder Rights Plan
Monday September 24, 5:54 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) wishes to announce that its Board of Directors has approved the adoption of a shareholder rights plan (the "Rights Plan").
ADVERTISEMENT
The Rights Plan is designed to ensure the fair and equal treatment of shareholders in connection with any take-over bid for outstanding common shares of Orko Silver. The Rights Plan seeks to provide shareholders with adequate time to properly assess a take-over bid without undue pressure. It also provides the Board with adequate time to fully assess an unsolicited take-over bid, to allow competing bids to emerge, and, if applicable, to explore other alternatives to the take-over bid to maximize shareholder value.
The Rights Plan is not intended to prevent or deter take-over bids that offer fair treatment and value to shareholders, but is designed to encourage offers that represent fair value to all shareholders.
The Rights Plan is similar to rights plans adopted by other Canadian corporations. Under the terms of the Rights Plan, one right will be issued by Orko Silver for each outstanding Orko Silver common share at the close of business today and for each Orko Silver common share issued in future (subject to the terms of the Rights Plan). The rights issued under the Rights Plan become exercisable only if a person or entity acquires or announces its intention to acquire 20% or more of the common shares of the Company without complying with the "Permitted Bid" provisions of the Rights Plan or without the approval of Orko Silver Board of Directors.
Permitted Bids must be made to all holders of Orko Silver's common shares by way of a take-over bid circular prepared in compliance with applicable securities laws and, among other things, must be open for acceptance for a minimum of 60 days. If at the end of 60 days at least 50% of the outstanding common shares other than those owned by the offeror and certain related parties have been tendered and not withdrawn, the bidder may take-up and pay for the shares but must extend the bid for a further 10 days to allow other shareholders to tender to the bid.
If a take-over bid does not meet the Permitted Bid requirements of the Rights Plan, the rights will entitle shareholders, excluding the shareholder or shareholders making the take-over bid, to purchase additional common shares of the Company at a substantial discount to the market price of the common shares at that time.
The Rights Plan became effective as of September 24, 2007 but must be ratified by shareholders within six months in order to continue to be effective. The Rights Plan is also subject to approval by the TSX Venture Exchange. A copy of the Rights Plan will be available at www.sedar.com.
Orko Silver is not adopting a Rights Plan in response to any proposal to acquire control of the Company.
A printer friendly PDF version of this News Release can be found at:
http://www.investorhub.ca/orkonews.pdf
About Orko Silver Corp.
Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 2 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Orko Silver Reports High Grade Assay Results from Transversal Vein
Tuesday September 18, 8:38 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Gary Cope, President of Orko, adds, "We are excited with the results from the Transversal Vein. These latest assays are another in a series of many that have continued to deliver positive results for the Company including the newly discovered Martha Vein. We are anticipating releasing more assays results and updating our NI 43-101 Compliant Resource Estimate very soon."
The following holes highlight results from drilling completed northward to intersect the east striking, southward dipping Transversal Vein target.
[continued in following link]
http://finance.yahoo.com/q?d=t&s=OK.V
Orko Silver Continues to Hit Martha Vein; Adds Third Drill Rig to Projects in Mexico
Wednesday July 18, 9:02 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 18, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
The Martha Vein, first discovered in drill hole BP06-77, is proving to be a major structure. To illustrate the Martha Vein's emerging importance, the table below summarizes the intercepts to date.
Gary Cope, President of Orko, adds, "These latest assays continue to support the consistency of our overall excellent results from La Preciosa to date, and in particular the strength of the Martha vein. Furthermore, we have managed to add a third rig, which is now drilling on the San Juan property, adjacent to La Preciosa. We are looking forward to results from early targets there."
Martha Vein Intercepts
[contained in following link]
http://biz.yahoo.com/ccn/070718/200707180402850001.html?.v=1
Orko Silver Continues to Hit Major Silver-Gold Intercepts at La Preciosa
Monday June 4, 4:28 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 4, 2007 -- Orko Silver Corp. (CDNX:OK.V - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Of particular note are the major widths and high grades in the Abundancia and Martha veins in "Mina La Preciosa" sector from drill hole BP07-103. The Abundancia Vein yielded 11.76 metres grading Au 0.082 g/t and Ag 383.6 g/t, for a silver-equivalent of 388.5 g/t. It includes four samples over 1 kg Ag for 1.54 metres grading Au 0.346 g/t and Ag 2,050.1 g/t, for a silver-equivalent of 2,070.9 g/t.
The Martha Vein hit for 23.17 metres grading Au 0.532 g/t and Ag 216.5 g/t, for a silver-equivalent of 248.4 g/t. It includes 6.38 metres grading Au 0.869 g/t and Ag 433.6 g/t, for a silver-equivalent of 485.7 g/t.
Gary Cope, President of Orko, adds, "Last month we reported the assay results for Hole 102, which at the time was the best hole ever drilled at La Preciosa. With the reporting of the results from Hole 103 and its major intercepts in both Abundancia and Martha Veins, Hole 103 now becomes the best hole ever drilled at La Preciosa. Cumulatively, the results we have been consistently reporting are significant, impressive and improving. This gives us ever increasing confidence that we will achieve our objectives at La Preciosa. We are continuing to drill at a brisk pace and are looking forward to reporting further results as they become available."
Significant intercepts have been received for all five holes presented in this report.
BP07-103
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http://biz.yahoo.com/iw/070604/0261685.html
Orko Silver Intercepts 19.05 Metres of 239.6 g/t Silver-Equivalent
Wednesday May 30, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Of particular note is the major width and high grade in the Abundancia Vein in "Mina La Preciosa" sector from drill hole BP07-101. The Abundancia Vein yielded 19.05 metres true width grading 226.0 g/t Ag and 0.227 g/t Au for a silver-equivalent of 239.6 g/t, including 11.97 metres true width grading 296.5 g/t Ag and 0.249 g/t Au for a silver-equivalent of 311.4 g/t. This hole also contained thickness and grade intercepts for Chabelita, Luz Elena and Martha Veins.
Gary Cope, President of Orko, adds, "The 19.05 metre true width intercept grading 239.6 g/t silver-equivalent in Abundancia Vein is extremely exciting. This intercept is remarkable not only for its width but also for its consistent high grade. La Preciosa continues to deliver and we are eagerly anticipating releasing further results as they become available."
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http://biz.yahoo.com/ccn/070530/200705300393739001.html?.v=1
Orko Silver Hits Major Intercept in Martha Vein at La Preciosa
Wednesday May 9, 4:12 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 9, 2007 -- Orko Silver Corp. (CDNX:OK.V - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Of particular note is a new major width and high grade intercept of the Martha Vein in "Mina La Preciosa" sector and an increase in width in the Abundancia Vein in drill hole BP07-102. The Martha Vein yielded 13.79 metres true width grading 376.5 g/t Ag and 0.320 g/t Au for a silver-equivalent of 395.7 g/t, including 3.07 metres true width grading 1,374.0 g/t Ag and 0.605 g/t Au for a silver-equivalent of 1,410.3 g/t. This vein was not included in the previously released Inferred Resource Estimate (13 March 2007). Abundancia Vein in this hole yielded an impressive 26.80 metres true width grading 152.3 g/t Ag and 0.205 g/t Au for a silver-equivalent of 164.5 g/t.
Gary Cope, President of Orko, adds, "These results increase our confidence that we will exceed expectations at La Preciosa. The recent discovery of the Martha Vein, given its initial widths and grades, could potentially change the entire dynamic of the project. Hole 102 encompasses the best assay results to date at La Preciosa. We are extremely pleased with the ongoing exploration program and look forward to releasing more results as we receive them."
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http://biz.yahoo.com/iw/070509/0250724.html
Orko Silver Delivers More Positive Drilling Results From La Preciosa
Wednesday April 18, 9:02 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program at La Preciosa Project in Durango, Mexico
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http://biz.yahoo.com/ccn/070418/200704180384874001.html?.v=1
Orko Silver Announces Two Major Developments at La Preciosa
Tuesday March 27, 9:01 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 27, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program in the "Mina La Preciosa" and "La Preciosa Norte" sectors on La Preciosa Project in Durango, Mexico.
1) Orko Silver Drills 3.92 m of greater than One Kilogram/tonne Silver Equivalent
Of particular note is a new substantial width and grade intercept of the Abundancia Vein in "La Preciosa Norte" sector in hole BP06-78. It yielded 6.45 metres true width grading 640.6 g/t Ag and 1.101 g/t Au, for a Silver-Equivalent of 706.7 g/t including 3.92 metres true width grading 981.3 g/t Ag and 1.585g/t Au for a Silver-Equivalent of 1,076.4 g/t. This sector was not included in the previously released Inferred Resource Estimate (13 March 2007).
2) Orko Silver Discovers Major New Vein Approaching 10 metres True Width
Mina La Preciosa Sector
The Company is also pleased to report that multiple new veins at depth have been intersected in BP06-77, including one, now named the Martha Vein, with a major thickness of 9.97 metres true width grading gold 0.339 g/t and silver 249.5 g/t for a silver-equivalent of 269.8 g/t. This discovery will alter future drill hole planning for deeper holes.
[complete news in following link]
http://biz.yahoo.com/ccn/070327/200703270380436001.html?.v=1
Orko Silver's Drilling Increases Width of Abundancia Vein and Includes Multiple High Grade Hits in Luz Elena and Esperancita Veins
Wednesday February 14, 9:02 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 14, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the Phase-IV diamond drilling in the "Mina La Preciosa" sector on its La Preciosa Project in Durango, Mexico.
Of particular note is the substantial width of the Abundancia Vein intersected in hole BP06-61. It yielded 10.24 metres true width grading gold 0.233 g/t and silver 209.7 g/t for a silver-equivalent grade of 223.7 g/t. This intersect is represented by 23 individual samples, of which 14 samples exceeded silver 100 g/t and one sample of 0.20 metres length graded gold 0.164 g/t and silver 1,050.0 g/t for a silver-equivalent of 1,059.7 g/t.
Luz Elena Vein, a sub-parallel vein below Abundancia, was also intersected several times, including its greatest thickness to date in hole BP06-62 at 6.79 metres true width grading gold 0.233 g/t and silver 150.9 g/t for a silver-equivalent of 164.8 g/t.
Esperancita Vein, an east-west transversal type structure, was intersected obliquely in hole BP06-60 at 0.85 metres true thickness grading gold 0.398 g/t and silver 497.4 g/t for a silver-equivalent of 521.3 g/t. This included a 0.29 metre intercept of gold 0.851 g/t and silver 1,237.2 g/t for a silver equivalent of 1,288.3 g/t.
Quality Control work revealed that the silver grades previously reported for the Abundancia Vein in the upper portion of hole BP06-60 were understated by 30% (news release 18 January 2007). The retesting revealed that the quoted intersect is 2.48 metres true thickness grading gold 0.356 g/t and silver 207.2 g/t for a silver-equivalent of 228.5 g/t. Alternatively, it can be extended to 4.44 metres true thickness of gold 0.225 g/t and silver 158.1 g/t for a silver-equivalent of 171.6 g/t.
Gary Cope, President of Orko, adds, "These results show a significant widening of both Abundancia and Luz Elena veins. They will be added to our next resource estimate which we anticipate releasing by the end of Q1 2007. Of particular interest will be the addition of the Luz Elena vein to the next resource estimate. In our last resource estimate, the Luz Elena vein was not included because we did not have sufficient drilling data that intersected the vein. We are very encouraged by these results as we continue to strive to meet our minimum target of 100 Million silver-equivalent ounces at La Preciosa."
"I am also pleased to announce that we have begun to receive assays from our initial surface sampling of rocks and soils from our Santa Monica joint venture with Goldcorp, Inc. We are compiling the results and anticipate reporting them in the near future."
MINA LA PRECIOSA SECTOR
A program designed to test the Luz Elena vein in the "Mina La Preciosa" sector confirms that it is a significant silver-gold vein located beneath the Abundancia vein. Hole BP06-60 passed through the Abundancia vein and into the Luz Elena vein, plus a thinner mineralized vein footwall to Luz Elena. Multiple thinner veins were hit before the hole reached oblique intercepts of Esperancita and Carmen Veins. This hole is located on section mine-grid 15,200 N.
BP06-60
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http://biz.yahoo.com/ccn/070214/200702140372554001.html?.v=1
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April 27, 2009
Orko Silver Corp. (TSX Venture Exchange: OK.V) is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in Durango State, Mexico. The La Preciosa silver project and adjacent mineral concessions cover 80,000 acres of contiguous mining claims.
On February 18, 2009, the Company released its 6th NI 43-101 compliant Resource Estimate. The La Preciosa deposit now comprises 47% Indicated Resources and 53% Inferred Resources. Current Indicated Resources are 10.64 million tonnes grading 0.27 g/t Au and 185 g/t Ag for a Silver-Equivalent grade of 201 g/t. at a cut off grade of 100 g/t. The contained metal equals 63.2 million ounces of Silver and 94,000 ounces of Gold for a Silver Equivalent of 68.9 Million Ounces. Current Inferred Resources are 12.0 million tonnes grading 0.25 g/t Au and 185 g/t Ag for a Silver-Equivalent grade of 200 g/t. at a cut off grade of 100 g/t. The contained metal equals 71.8 million ounces of Silver and 97,000 ounces of Gold for a Silver Equivalent of 77.6 Million Ounces.*
*Estimated at a 60 to 1 Silver/Gold ratio with metallurgical recoveries and net smelter returns assumed to be 100%.
The current resource estimate is based on all of Orko Silver's drilling to date, including the 2008 drilling of an additional 205 holes (79,021metres). There remains significant potential for defining a larger resource.
On April 14th, 2009 Pan American Silver Corp. and Orko Silver announced that they have agreed to form a joint venture to develop the La Preciosa project. Pan American will contribute its demonstrated mine development expertise, as well as 100% of the funds necessary to develop and construct an operating mine, in consideration for a 55% interest in the joint venture. Orko Silver retains a 45% interest fully carried to production.
Key aspects to the joint venture and the development strategy for La Preciosa include:
Orko Silver's shareholders will benefit from the financial capacity and extensive mine development expertise that Pan American brings to the joint venture as well as retain the upside potential for the discovery of additional resources from Orko Silver's exploration team.
Going forward, the Joint Venture partners plan to continue delineation of the current resource at La Preciosa which will include exploration and infill drilling to upgrade the current resource and the expansion of exploratory drilling to other known high priority targets on the extensive land package.
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